Industry News

CNH's 2Q Net Sales Top $5 Billion

CNH Global N.V. (NYSE: CNH) today announced financial results for the quarter ended June 30, 2012. For the quarter, net sales increased 3% (9% constant currency basis) to $5 billion as firm global demand for agricultural equipment, on the back of favorable agricultural commodity prices, compensated for a more mixed trading environment in the construction equipment sector.
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Another Tough Week for U.S. Crop Progress

Yesterday, USDA reported 63% of the U.S. corn crop is in "good" or "excellent"? condition. This is below last week's 66% and last year's 70%. The condition of soybeans for this date also declined with 56% in "good" or "excellent" condition vs. 60% last week and 68% last year.
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